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china construction bank-a (601939) Details

China Construction Bank Corporation operates as a commercial bank in China. The company’s personal banking products and services include foreign currency deposits, all in one accounts, and RMB deposits; personal loans, such as personal business loans, personal car loans, and personal housing loans; physical gold for personal investment; foreign exchange settlement and sales services for individuals; certificate treasury bonds; wealth management products for trust investment; and credit cards. Its corporate banking products and services include deposits, such as corporate term, notification, and demand deposits, as well corporate deposits by agreement; SME, working capital, buyer credit, and RMB credit line loans; international settlement, financing, and FI services for foreign banks; fund settlement services; and guarantor, project cost evaluation and consulting, and factoring services. The company’s corporate services also include institutional services comprising safe deal transaction fund custody services; credit asset transfer services; and bank-securities cooperation services, as well as acts as an agent for social insurance authority, insurance companies, and trust investment companies. It also offers corporate e-banking services. As of December 31, 2013, the company operated a network of 14,650 branches and sub-branches in Mainland China. It also operates 69 overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Osaka, Seoul, New York, Ho Chi Minh City, Sydney, Melbourne, Taipei, and Luxembourg. China Construction Bank Corporation was founded in 1954 and is headquartered in Beijing, China.

Founded in 1954

china construction bank-a (601939) Top Compensated Officers

Vice Chairman, President, Member of Risk Mana...
Total Annual Compensation: CNY761.0K
Chairman and Chairman of Strategy Development...
Total Annual Compensation: CNY799.0K
Chief Disciplinary Officer, Executive Vice Pr...
Total Annual Compensation: CNY680.0K
Executive Vice President, Executive Director,...
Total Annual Compensation: CNY680.0K
Executive Vice President
Total Annual Compensation: CNY674.0K
Compensation as of Fiscal Year 2013.

china construction bank-a (601939) Key Developments

China Construction Bank Corporation to Report First Half, 2014 Results on Aug 29, 2014

China Construction Bank Corporation announced that they will report first half, 2014 results on Aug 29, 2014

China Construction Bank Corporation, Board Meeting, Aug 29, 2014

China Construction Bank Corporation, Board Meeting, Aug 29, 2014. Agenda: To consider and approve the interim results of the Bank for the six months ended 30 June 2014.

Chinese Commercial Banks May Sell Non-Performing Loans

China's four state-owned banks have initiated a plan to raise $73 billion by selling their assets, to cut down on their liabilities. Among the banks include Bank of China Limited (SEHK:3988), Agricultural Bank of China Limited (SEHK:1288), Industrial and Commercial Bank of China Limited (SEHK:1398) and China Construction Bank Corporation (SEHK:939), reported the Wall Street Journal. China has allowed five local governments to open asset-management companies in eastern and southern China to buy non-performing loans from local banks and thus help them in refreshing their balance sheets. JP Morgan Asset Management Asia Chief Market Strategist Tai Hui was quoted by the Walls Street Journal as saying, "They are setting up the pieces of the jigsaw for the financial system to be much less state dependent and more market driven."

 

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